Thursday, February 25African Business News
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Tag: CACOVID-19

‘Why investors must increase understanding of investment risks’

‘Why investors must increase understanding of investment risks’

Capital Market
As the nation’s investment climate continues to pose a challenge to stakeholders, a new report on the Nigerian investment landscape says investors must increase their understanding of investment risks to enable them to enhance their returns. The report by Coronation Research titled, “Navigating the Capital Market: ‘the Investors Dilemma’,” argued that Nigerian investors are faced with difficult investment choices following the unprecedented crash in interest rates. According to the Head of Research at Coronation Asset Management, Guy Czartoryski, investors are left with the alternatives to either wait for rates to rise again in future, or accept more risk in order to increase returns. Czartoryski, while explaining the nitty-gritty of the report at a Webinar, Monday, said the repor...
‘Bank’s technical, operational support will curtail virus spread’

‘Bank’s technical, operational support will curtail virus spread’

Finance
Shareholders of Access Bank have said the lender’s aggressive drive towards pulling resources across industries to provide technical and operational support in the fight against of Coronavirus through the CACOVID would ultimately help to combat the spread of the virus in Nigeria. The shareholders, who spoke at the yearly general meeting of the bank, in Lagos, recently, said CACOVID has done a lot in the areas of providing funding and building advocacy through aggressive awareness drives to curtail the spread of the pandemic. Specifically, the Founder, Independent Shareholders Association of Nigeria (ISAN), Sunny Nwosu, commended Access Bank’s efforts in the private-sector-led, Coalition Against COVID-19, to support Federal Government’s fight against the pandemic, including providi...
CACOVID-19 steps up private sector mobilisation against pandemic

CACOVID-19 steps up private sector mobilisation against pandemic

Business
The private sector-led Coalition Against Covid-19 (CACOVID-19) has stepped up its complementary efforts towards freeing the nation from the Coronavirus pandemic. Due to the devastating impact of the pandemic and the limited resources available to the government to tackle the health crisis, the private sector in the Nigeria decided to form the CACOVID-19 to assist the government to fight the virus. The body, which is led by Aliko Dangote, through the Aliko Dangote Foundation(ADF) and Herbert Wigwe of Access Bank, is also backed by Zenith Bank, Guaranty Trust Bank, Central Bank of Nigeria (CBN) among others. The mission is to mobilise private sector leadership and resources to support health facilities to respond to the crisis and also to use their reach to increase awareness throu...